Pi Coin Value Drops 33% After New $100M Fund Announcement 📉
The value of Pi Coin has plummeted by 33% in the past 24 hours, falling from $1.40 to just under $0.88. This significant decline followed the Pi Network Core Team's announcement of a $100 million venture capital fund.
The announcement stirred widespread criticism among its extensive user base and investors, who are concerned about its potential implications.
The price drop reflects the market's negative reaction to the fund, marking a challenging period for Pi Coin in maintaining investor confidence amidst this controversy.
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